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Columbia, South Carolina
Columbia is one of the 315 metropolitan areas in the United
States. Its 1996
population of 497,671 ranked 98th in the nation.
PER CAPITA PERSONAL INCOME
In 1996, Columbia had a per capita personal income (PCPI) of $22,529. This
PCPI ranked 137th in the United States and was 92 percent of the national
average, $24,436. In 1986, the PCPI of Columbia was $13,604 and ranked 170th
in the United States. The average annual growth rate of PCPI over the past
10 years was 5.2 percent. The average annual growth rate for the nation was
4.9 percent.
TOTAL PERSONAL INCOME
In 1996, Columbia had a total personal income (TPI) of $11,212,217*. This
TPI ranked 98th in the United States. In 1986, the TPI of Columbia was
$5,938,928* and ranked 103rd in the United States. The average annual growth
rate of TPI over the past 10 years was 6.6 percent. The average annual
growth rate for the nation was 5.9 percent.
COMPONENTS OF TOTAL PERSONAL INCOME
Total personal income (TPI) includes the earnings (wages and salaries, other
labor income, and proprietors' income); dividends, interest, and rent; and
transfer payments received by the residents of Columbia. In 1996, earnings
were 69.5 percent of TPI (compared with 73.0 percent in 1986); dividends,
interest, and rent were 14.4 percent (compared with 13.8 percent in 1986);
and transfer payments were 16.2 percent (compared with 13.2 percent in
1986). From 1986 to 1996, earnings increased on average 6.0 percent each
year; dividends, interest, and rent increased on average 7.0 percent; and
transfer payments increased on average 8.7 percent.
EARNINGS BY INDUSTRY
Earnings of persons employed in Columbia increased from $4,823,228* in 1986
to $8,662,118* in 1996, an average annual growth rate of 6.0 percent. The
largest industries in 1996 were services, 24.1 percent of earnings; state
and local government, 19.1 percent; and retail trade, 10.0 percent. In
1986, the largest industries were state and local government, 19.6 percent
of earnings; services, 18.5 percent; and retail trade, 9.9 percent. Of the
industries that accounted for at least 5 percent of earnings in 1996, the
slowest growing from 1986 to 1996 was durable goods manufacturing (5.1
percent of earnings in 1996), which increased at an average annual rate of
2.4 percent; the fastest was services, which increased at an average annual
rate of 8.9 percent.
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